Kraken and parent company Payward are expanding into the UAE after receiving preliminary approval from Dubai’s Virtual Asset Regulatory Authority. The approval allows Kraken to offer services including spot, margin, OTC trading, staking, and institutional products through a locally regulated entity. UAE users will also gain AED deposit and withdrawal access tied to Kraken’s global liquidity network. The move highlights Dubai’s growing role as a global crypto hub with clear regulations attracting major international exchanges.
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